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. and military spending cuts would hit california. >> defense is a big part of southern california economy. cuts would affect there. >> this afternoon the speaker of the house delivered the g.o.p.'s proposal reducing national debt by $2.2 trillion. including new tax revenue but leading cuts for the top 2% in place. today the president ignored reporter questions about that republican plan but later in a statement the white house rejected it. abc 7 news believes a deal will be struck about the deadline, it will be the republican that's give ground. >> i think this time around, obama learned from his past mistakes and importantly, advantage that if he does nothing he's in better shape than republicans oor professor cane says congressional republicans holding middle class cuts hostage in order to force the president's hand. the problem is the g.o.p. cannot afford to carry out that threat and they're blamed for raising everyone's taxes in order to protect the rich and put republican party in a dark hole. >> mark, thank you. >> on wall street today, stock prices fell on concern the deficit deadlock he
businesses to be the last things cut. they're the fabric of the country and economy. so want to stress that to them. how important this has been for us and others too. >> he admits the small business benefited from incentive programs. now they have 31 employees. >> new jersey governor says super storm sandy caused $37 billion in damage to his state saying 30,000 homes or businesses were destroyed or sustained damage. he's requesting $37 billion from the federal government. >> and a new un climate change report out says sea level could be prizing -- rising faster than thought. that is especially troubling for those of us living and working near the edge of the bay. and more on the flooding dangers that could be around the corner. >> at high tide this submerged staircase is an erie reminder of the inches separating dry land from water. in 2008 bay waters flooded streets and sidewalks like they did in twut. the united nationspfip level sea levels are rising faster than predicted. >> today's flood going to be tomorrow's high tides. and so we need to get ready for changes, a deeper bay. a b
shipping lines is costing the u.s. economy $1 bi=es; a day in lost trade. the union jobs claims jobs being shipped overseas. the port says it's offering clerks lifetime job security. >> let's go to job security. state lawmakers deciding how to dole out money to help schools become more energy efficient. and what's happening now that prop 39 is lone. >> we want to be first in line. >> the principal is pleading his case to give the campus some of the new retro fit money. 7% of the public schools are more than 25 years old and in need of the funding badry. >> if we can look at energy efficiently, you're having savings year over year. and will have more money. >> more than 10,000 public schools together spent $700 million a year on energy. that is how much they spent on supplies. thanks to vote who approved proposition 39 last month, disadvantaged schools will be able to pay for energy retro fits of the proposition 39 closes a loophole that mostly benefited out of state corporations. it's a funding boost for the state. half goes to general fund. other half to energy needs of schools. >> that o
Search Results 0 to 2 of about 3